“Sales of new detached homes in the first three months remain exceptionally strong with the second strongest start to the year since 2016, eclipsed only by last year,” stated HIA Economist Tom Devitt.
Strong start to 2022 for new home sales
Building approvals fell sharply during Omicron outbreak
Building approvals fell sharply during Omicron outbreak
“Building approvals fell by a remarkable 27.9 per cent in January 2022, as Omicron disrupted the record boom in home building,” stated HIA Economist Tom Devitt.
SlimWall® boundary fence
SlimWall® boundary fence
The children attending Kids Club childcare centre, Killara, are enjoying their new centre full of stimulating outdoor play areas.
Demand for housing and first homebuyer activity remain strong
Demand for housing and first homebuyer activity remain strong
“The value of loans, excluding refinancing, issued for housing towards the end of 2021 was elevated as demand remains very strong,” stated HIA Senior Economist, Nick Ward.
Building approvals strengthen in November 2021
Building approvals strengthen in November 2021
“The number of building approvals issued in November 2021 increased by 3.6 per cent compared to the previous month, with both detached and multi-unit approvals increasing for the month,” stated HIA’s Chief Economist, Tim Reardon.
Detached home building to remain strong throughout 2022
Detached home building to remain strong throughout 2022
“Demand for new detached and multi-unit housing has remained strong, suggesting that the current boom in home building will be sustained throughout 2022,” stated HIA Chief Economist, Tim Reardon.
Cost of blocks of land rise twice as fast as building materials
Cost of blocks of land rise twice as fast as building materials
“The cost of residential land has risen more than twice as fast as the cost of building materials over the past year,” said HIA Chief Economist, Tim Reardon.
In-home renovations set to reopen ahead of schedule
In-home renovations set to reopen ahead of schedule
“The reopening of renovations in occupied homes ahead of schedule will provide a much needed boost to the residential building industry and help many families who have been waiting for their home renovations projects to either commence or resume,” said HIA’s Victorian Executive Director, Fiona Nield.
HomeBuilder sets records in 2020/21
HomeBuilder sets records in 2020/21
“Today’s (October 13 2021) data from the Australian Bureau of Statistics confirms the size of the HomeBuilder boom, with more detached house commencements than in any previous quarter or year on record,” stated HIA Economist Tom Devitt.
Building shutdown disappointing and challenging
Building shutdown disappointing and challenging
The decision by the Victorian Government to shutdown all building sites in Melbourne and certain municipalities for the next two weeks is both disappointing and challenging for the residential building industry.
